PAYMENT OF PAST YEARS' UNDISTRIBUTED EARNINGS
PAYMENT OF PAST YEARS' UNDISTRIBUTED EARNINGS
OPAP S.A. announces to its shareholders that, according to par. 4.1.3.4. of the Athens Stock Exchange Regulation, the 10th Extraordinary Shareholders General Meeting, held on June 21st, 2016 decided to distribute part of past years' undistributed earnings amounting to a gross amount of 0.57 euros per share.
The past years' undistributed earnings dividend to be paid to the Shareholders stands at the gross amount of euros 181,598,271.06 i.e 0.57 euros per share, excluding the 406,542 Company's own shares. The past years' undistributed earnings dividend of the amount of 0.57 euros per share is subject to 10% withholding tax in accordance to L. 4110/2013, i.e. 0.057 euro per share. Therefore the net payable amount to the shareholders following the above mentioned tax withholding amounts to 0.513 euros per share.
OPAP's registered Shareholders on Friday, 24.06.2016 (record-date) are eligible to receive the payment of the past years' undistributed earnings dividend. The cutoff date for past years' undistributed earnings dividend will be Thursday, 23.06.2016. The payment to the entitled Shareholders commences on Wednesday, 29.06.2016 and will be processed through Piraeus Bank, as follows:
1. Via the entitled shareholder's Dematerialized Security System's Operators (Banks, Custodians and Securities firms), according to Articles 4.1.3.4. of the ATHEX Regulation and article 39 of the Operations Regulation of the Central Securities Depository.
2. Via the Piraeus Bank branches' network, for those of the Shareholders who have requested to be exempted from their Account Operator to the Dematerialized Securities System or whose shares are kept in special investor's account.
3. Shareholders, who, for any reason, are unable to collect their dividend through their Account Operator, will be able to collect it through the Piraeus Bank branches' network commencing on 07.07.2016.
Past years' undistributed earnings dividend collection by the entitled shareholders for the abovementioned cases 2 and 3 will be possible either in person or by proxy (in which case the relevant proxy documentation or/and any relevant legalization documents will need to be submitted to the Company with certification of their signature) upon notification of the Investors' Account Code Account Number of the Dematerialized Security System and upon providing proof of their Identity.
For any further information, shareholders are requested to directly contact the Company's Investor Relations Division, tel.: +30 210 5798930.
It is clarified that the right to collect dividend disperses if not collected by the entitled shareholder within a period of five (5) years from the end of the year that the corresponding right was born (Civil Code article 250, par. 15) and that following the expiration of such term any relevant amount shall be paid to the Hellenic Republic according to article 1 of legal decree 1195/1942.
ATHENS, 21.06.2016
OPAP S.A.